SUNNYVALE, Calif. —Trimble (NASDAQ: TRMB) announced today that it has acquired privately-held Veltec, a fleet management provider that delivers solutions to transportation companies to improve safety and reduce operational costs. Veltec is headquartered in Londrina, Brazil. The acquisition of Veltec further expands Trimble's global footprint and extends Trimble's fleet safety and efficiency solutions to new markets. Financial terms were not disclosed.
"Veltec has established itself as an innovative leader in Brazil providing fleets with solutions to maximize safety and performance," said Thomas Fansler, president of Trimble Transportation Mobility. "With this acquisition, we look to collaborate on delivering new technology for our customers, expand our footprint and further our vision of improving transportation and logistics throughout the world."
Veltec's fleet mobility platform consists of a combination of in-vehicle devices and back office software to provide increased visibility into driver and fleet performance. Through Veltec's solutions, fleets gain access to actionable data that can help reduce accidents, improve individual driver and vehicle performance and increase fuel economy.
"For more than a decade, Veltec has diligently focused on helping our customers get the insights they need to operate safer and more effectively," said Dalton Swain Conselvan, managing director for Veltec. "We are excited to join Trimble and to be a part of an organization that shares this commitment to advancing the safety and efficiency of transportation everywhere."
Veltec's business will be reported as part of Trimble's Transportation Segment.
Source : Trimble